7% rally with upside potential: Crypto market 28 Aug

The cryptocurrency market has picked up momentum to push higher mostly across the board in the past 24 hours. During this period, the average gain has been over 7% with further advancement likely in the coming days on the back of improved investor sentiment.

The entire market has almost been closely moving in lockstep with bitcoin which has been used as a guide by traders to make their bets. Crypto markets operate 24/7, setting the stage for price swings at unpredictable hours.

Bitcoin is trading at US $48,960. Second largest digital token ether is up 4.5% to US $3,250.

Among Top 10 big caps, Solana (SOL) is the best performer up 22.5% in 24 hours.

During this period, some currencies have been much more volatile with their up and down movements.

Top 10 cryptocurrencies by market capitalisation over the past 24 hour period:

CryptoUSD24HCap
Bitcoin (BTC)$48,9603.7%$920B
Ethereum (ETH)$3,2504.5%$381B
Ripple (XRP)$1.176.7%$117B
Cardano (ADA)$2.869.6%$92.3B
Binance Coin (BNB)$4871.9%$81.8B
Dogecoin (DOGE)$0.296.2%$38B
Polkadot (DOT)$26.25.9%$28.9B
Uniswap (UNI)$27.24.2%$27.2B
ChainLinkToken (LINK)$25.94.9%$25.9B
Solana (SOL)$83.122.5%$24.2B

The list of Top 10 cryptos that are doing much better than the market over the day:

CryptoUSD24HCap
SwarmCity (SWT)$0.04337.9%$0.00037B
Solana (SOL)$83.122.5%$24.2B
RipioCreditNetwork (RCN)$0.02722.1%$0.027B
Bitcoin Gold (BTG)$72.815.7%$1.4B
Bread (BRD)$0.213.5%$0.018B
HEX (HEX)$0.2312.8%$0.013B
Tezos (XTZ)$5.1212.1%$4.3B
Ren (REN)$0.612%$0.6B
Waves (WAVES)$25.511.5%$2.7B
V-ID (VIDT)$0.610.6%$0.028B

There are cryptos that have outperformed the market over the 24-hour period:

CryptoUSD24HCap
Dentacoin (DCN)$2.5E-5-8.2%$0.014B
Digitex Futures (DGTX)$0.004-6.8%$0.006B
Constellation (DAG)$0.39-6.3%$0.49B
Gnosis (GNO)$294-4.1%$2.9B
Lunyr (LUN)$0.21-2.1%$0.00047B
Humaniq (HMQ)$0.006-1.9%$0.0011B
Tokenpay (TPAY)$0.07-1.4%$0.0015B
SONM (SNM)$0.14-0.4%$0B
Reserve (RSV)$1-0.2%$0B
Paxos (PAX)$10%$1B

Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile instrument with a high level of risk. Any news, opinions, research, data, or other information contained within this website is provided for news reporting purposes as general market commentary and does not constitute investment or trading advice.

/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s). View in full here.